IDEAS home Printed from https://ideas.repec.org/a/oup/jecgeo/v23y2023i4p721-743..html
   My bibliography  Save this article

Financial centre primacy around the world: international analysis based on mergers and acquisitions data

Author

Listed:
  • Dariusz Wójcik
  • Liam Keenan
  • Vladimír Pažitka
  • Michael Urban
  • Wei Wu

Abstract

We analyse mergers and acquisitions in the financial sector between 2000 and 2017 to explore the domestic hierarchies of financial centres. Across a sample of 16 countries, we reveal different levels of financial centre primacy and explain how these levels change over time. These findings are analysed through a theoretical framework which integrates the literatures on urban primacy, global and world cities and comparative political economy. Situating our findings at the intersection of these literatures allows us to remain sensitive to geography, history and institutions in our analysis of financial centre primacy. Overall, our results show uneven levels of financial centre primacy around the world and that primate financial centres do not universally increase their dominance over time.

Suggested Citation

  • Dariusz Wójcik & Liam Keenan & Vladimír Pažitka & Michael Urban & Wei Wu, 2023. "Financial centre primacy around the world: international analysis based on mergers and acquisitions data," Journal of Economic Geography, Oxford University Press, vol. 23(4), pages 721-743.
    • Handle: RePEc:oup:jecgeo:v:23:y:2023:i:4:p:721-743.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/jeg/lbac036
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Financial centres; mergers and acquisitions; urban primacy; global and world cities; comparative political economy;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:jecgeo:v:23:y:2023:i:4:p:721-743.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/joeg .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.